Lloyds Banking Group (LON:LLOY) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Shares of Lloyds Banking Group crossed above its 200‑day moving average (GBX 90.46) during Tuesday's session, trading as high as GBX 106.85 and last at GBX 102.80 on heavy volume (~305.95M shares).
• Analysts are mixed: the consensus rating is Hold with an average price target of GBX 107.78 (5 Buys, 3 Holds, 1 Sell), and recent targets range roughly from GBX 91 to GBX 125.
• Key fundamentals: market cap £60.51bn, P/E 14.90, last quarterly EPS GBX 7 (consensus FY EPS ~7.32), with a net margin of 16.66% and ROE of 11.22%.

Shares of Lloyds Banking Group plc (LON:LLOY - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 90.46 and traded as high as GBX 106.85. Lloyds Banking Group shares last traded at GBX 102.80, with a volume of 305,951,094 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Shore Capital Group cut shares of Lloyds Banking Group to a "sell" rating and boosted their target price for the company from GBX 84 to GBX 91 in a research report on Monday, February 2nd. JPMorgan Chase & Co. boosted their target price on shares of Lloyds Banking Group from GBX 102 to GBX 117 and gave the stock a "neutral" rating in a research note on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Lloyds Banking Group to GBX 125 and set a "buy" rating for the company in a research note on Tuesday, February 3rd. Barclays boosted their target price on shares of Lloyds Banking Group from GBX 100 to GBX 120 and gave the company an "overweight" rating in a report on Wednesday, January 7th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 105 price target on shares of Lloyds Banking Group in a research note on Tuesday, October 28th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Lloyds Banking Group presently has a consensus rating of "Hold" and an average price target of GBX 107.78.

Lloyds Banking Group Stock Performance

The business has a 50 day simple moving average of GBX 100.62 and a two-hundred day simple moving average of GBX 90.46. The firm has a market capitalization of £60.51 billion, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY - Get Free Report) last issued its earnings results on Thursday, January 29th. The financial services provider reported GBX 7 EPS for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. On average, equities analysts anticipate that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current fiscal year.

About Lloyds Banking Group

We are the largest UK retail and commercial financial services provider with over 25 million customers and a presence in nearly every community. The Group's main business activities are retail and commercial banking, general insurance and long-term savings, provided through the largest branch network and digital bank in the UK, with well recognised brands including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Our shares are quoted on the London and New York stock exchanges and we are one of the largest companies in the FTSE 100 index.

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